PITTSBURGH, PA, October 19, 2010 — Matthews International Corporation (NASDAQ NMS: MATW) today announced its acquisition of Freeman Metal Products, Inc. and related entities, including F&F Metal Products, Inc., Esser Casket Co., and Southern Heritage Casket Co. (collectively “Freeman”). Freeman, which has manufacturing operations in North Carolina, Texas and Alabama, is also a distributor of caskets primarily in the Southeast and South central regions of the United States. Terms of the transaction were not immediately disclosed. Freeman reported sales of approximately $21 million in calendar 2009.
December 19, 2010
PITTSBURGH, PA, NOVEMBER 16, 2010 – Matthews International Corporation (NASDAQ GSM: MATW) today announced that Gregory S. Babe was elected to the Company’s Board of Directors. Mr. Babe is President and Chief Executive Officer of Bayer Corporation and Bayer MaterialScience LLC. He was appointed President and Chief Executive Officer of Bayer Corporation and Senior Bayer Representative for the United States and Canada in October 2008. Mr. Babe is responsible for the North American activities of the worldwide Bayer Group, an international health care, nutrition and high-tech materials group based in Leverkusen, Germany. In addition, he has held the position of President and Chief Executive Officer of Bayer MaterialScience LLC, a producer of polymers and high-performance plastics in North America, since July 2004.
PITTSBURGH, PA, OCTOBER 14, 2010 – The Board of Directors of Matthews International Corporation (NASDAQ GSM: MATW) today declared a quarterly dividend of $0.08 per share on the Company’s common stock. The quarterly dividend has been increased one cent per share, or 14%, from $0.07 to $0.08. The dividend is payable November 8, 2010 to stockholders of record October 25, 2010.
PITTSBURGH, PA, NOVEMBER 11, 2010 – Matthews International Corporation (NASDAQ GSM: MATW) today announced earnings for the quarter and fiscal year ended September 30, 2010. Net income for the Company’s fiscal 2010 fourth quarter was $19,719,000, or $0.67 per share, compared to 15,633,000, or $0.52 per share, for the fourth fiscal quarter a year ago. The fiscal 2010 fourth quarter included a favorable adjustment of $0.01 per share primarily related to the closure of certain prior income tax periods. The fiscal 2009 fourth quarter results included net unusual charges of $0.07 per share, which primarily related to operational and systems improvements in several of the Company’s business segments.